PPG industries company recently announced that it and Chinese Henan Billions chemical Co., LTD. signed a memorandum of understanding . According to the agreement, Billions will get PPG's license of technology chlorination which is used for titanium dioxide production in its Chinese factory. In addition,  Billions and PPG also signed a long-term purchase agreement of titanium dioxide. Both sides did not disclosed the specific business terms of the two agreements and authorized expenses of Billions paying PPG.

Chief technical officer and vice President Charles f. Kahle II of PPG coating of r&d center said: "the cooperation showed that PPG will continue to use existing professionally technical advantage to ensure and expand the global supply of titanium dioxide."

PPG plans to use chloride process of titanium dioxide produced by Billions on the numerous end products including coatings and coating products and it also will sell to a third party.

PPG Natrium factory, previously located in the West Virginia applied chloride process to produce titanium dioxide products, and sell to the coatings and its terminal application enterprises. Titanium dioxide is a kind of important chemical materials, and has good covering power, durability and whitening, so it is generally applied to the coating industry.

Henan Billions chemical Co., LTD is located in the Henan Jiaozuo city. It's main products are titanium dioxide, zirconium products and aluminium sulphate etc. The company has set up a file in the Shenzhen stock exchange list, and 2011 annual revenue is about $300 million.